The MBTA is facing a massive debt at the moment with $5.2 billion dollars. This has a lot to do with the fact that the government just dumped everything onto the MBTA after the railroad system was completely built, leaving them with a debt before their services were even opened. As the debt grew over the years, the MBTA was forced to make many one-time decisions in order to save itself from collapsing and having to be torn down. But because they're running low on those one-time decisions, the MBTA must resort to raising the fares by 23% in attempt to save money and pay off their debt.
THE BIG ISSUE
The MBTA is facing a massive debt at the moment with $5.2 billion dollars. This has a lot to do with the fact that the government just dumped everything onto the MBTA after the railroad system was completely built, leaving them with a debt before their services were even opened. As the debt grew over the years, the MBTA was forced to make many one-time decisions in order to save itself from collapsing and having to be torn down. But because they're running low on those one-time decisions, the MBTA must resort to raising the fares by 23% in attempt to save money and pay off their debt.
Sources : MBTA Starting Debt
MBTA Price Hike Info